Period Close to Tax Provision

New regulations such as country-by-country reporting and BEPS put more pressure on multinational businesses to provide timely, accurate tax provisions for financial reporting. With this Oracle Modern Best Practice, you can make the tax calculation an integral part of the financial close to deliver accurate tax provisions quickly and seamlessly. Take advantage of the cloud to access the most up-to-date accounting data—regardless of the source. Calculate taxes automatically based on each jurisdiction’s rules. Automatically refresh figures and supporting data on the financial report. Resolve issues through secure social collaboration. Manage tasks, reviews, and approvals anytime, anywhere—from any device.

Complete Period Close

Calculate Tax Provision

For each jurisdiction, automatically calculate tax provisions from ledger results based on current tax rates, rules, and applicable return to accrual. Review and approve adjustments via secure collaboration.